NYCHDC

The New York City Housing Development Corporation (“HDC”) provides a variety of financing programs for the creation and preservation of multi-family affordable housing throughout the five boroughs of New York City. HDC is implementing Mayor Bloomberg’s New Housing Marketplace Plan to build and preserve 165,000 units of affordable housing over ten years. The New Housing Marketplace Plan is the largest municipal affordable housing effort in the nation’s history. HDC’s programs are designed to meet the wide-range of affordable housing needs of the City's economically diverse population.

Queens, NY – May 22, 2014 – (RealEstateRama) — The New York City Department of Housing Preservation and Development (HPD), New York City Housing Development Corporation (HDC) and New York State Homes & Community Renewal (HCR) joined the Arker Companies, project partners and elected officials to celebrate the opening of Richmond Place and Richmond Hill Senior Living Residence, two new affordable housing developments built side-by-side on a formerly contaminated site in the Richmond Hill neighborhood of Queens. The new Richmond Place development includes a total of 117 units for affordable housing with 24 of those units designated to serve formerly homeless families. Richmond Hill Senior Living Residence is a 65-unit development for adults age 62 and older

New York, NY – October 17, 2013 – (RealEstateRama) — Today, The U.S. Department of Housing and Urban Development (HUD), The New York City Department of Housing Preservation and Development (HPD), The New York City Housing Development Corporation (HDC), Manhattan Borough President Scott Stringer and Councilwoman Rosie Mendez joined FEGS Health & Human Services and partners to celebrate the completion of renovations at Tanya Towers, located at 620 East 13

rooklyn, NY – May 3, 2013 – (RealEstateRama) — The NYC Department of Housing Preservation and Development (HPD), New York State Homes and Community Renewal (HCR), NYC Housing Development Corporation (HDC), joined The Hudson Companies, and CAMBA/CAMBA Housing Ventures today to celebrate the groundbreaking of the next phase of the energy- efficient, mixed-use, affordable housing Gateway Elton Street development in the Spring Creek section of Brooklyn. The new buildings will be located at 516 and 524 Vandalia Avenue, and 526 Schroeders Avenue.

NEW YORK, N.Y. – April 2, 2013 – (RealEstateRama) — The New York City Housing Development Corporation (HDC) has posted another record-breaking year, ranking first on Thomson Reuters list of multi-family bond issuers and third in Affordable Housing Finance Magazine’s annual ranking of affordable housing lenders. From January through December 2012, the Corporation issued $1.065 billion in bonds and provided more than $1.8 billion in financing that was raised from the sale of bonds and the provision of other corporate subsidies. Over the course of the year, HDC financed the construction and/or preservation of 11,400 apartments

Brooklyn, N.Y. – February 20, 2013 – (RealEstateRama) — New York City Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua today announced that the agency has instituted a 25 percent preference for units in City-subsidized affordable housing developments for income-eligible New Yorkers displaced from their homes by Hurricane Sandy. One of the first developments to be subject to the preference is Coney Island Commons, a new affordable housing development now being marketed in Coney Island, Brooklyn. All units are subject to a lottery managed by the developer and overseen by HPD and the City’s Housing Development Corporation (HDC).

NEW YORK, NY – December 3, 2009 – (RealEstateRama) — The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $850 million in tax-exempt and taxable Multi-Family Housing Revenue Bonds for the construction and permanent financing for affordable housing developments in New York City.

NEW YORK, NY – December 3, 2009 – (RealEstateRama) — The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $43 million in taxable Multi-Family Mortgage Revenue Bonds and Cooperative Housing Mortgage Revenue Bonds for the new construction of Via Verde Apartments and Via Verde Cooperative Apartments, located in the Bronx.

NEW YORK, NY – December 3, 2009 – (RealEstateRama) — The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $30 million in tax-exempt Multi-Family Rental Housing Revenue Bonds for the rehabilitation of a development comprised of nine multifamily rental buildings, in the East Harlem neighborhood of Manhattan.

NEW YORK, NY – October 30, 2009 – (RealEstateRama) — Today NYC Development Corporation (HDC) President Marc Jahr, Bronx Borough President Ruben Diaz, Jr. and Vincent Riso from the Briarwood Organization were joined by Daniel Martin from the Housing Partnership Development Corporation, Marian Zucker, Executive Vice President of the New York State Affordable Housing Corporation Fund (AHC) to celebrate the grand opening of The Solara, also known as Grant Avenue Co-op Apartments.

New York, NY – September 29, 2009 – (RealEstateRama) — Bronx Pro Real Estate Management today celebrated the opening of 1085 Washington Avenue Apartments, a new 90-unit affordable housing development that features numerous elements that help the building and its residents contribute to a greener, more sustainable New York City.

NEW YORK, NY – September 23, 2009 – (RealEstateRama) — New York City Housing Development Corporation (HDC) President Marc Jahr, New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero and Alan Bell from Dumont Green LLC, celebrated the groundbreaking for a new eight-story 176 unit affordable apartment building at 1490 Dumont Avenue.

NEW YORK, NY – August 12, 2009 – (RealEstateRama) — Today, the New York City Housing Development Corporation (“HDC”) approved $70 million in Residential Revenue tax-exempt bonds. The Bonds will be used by Q Student Residences, LLC, for the purpose of refunding the Corporation’s Residential Revenue Bonds (Queens College Residences).

NEW YORK, NY – August 4, 2009 – (RealEstateRama) — Deputy Mayor Robert Lieber, joined by New York City Housing Development Corporation (HDC) President Marc Jahr, New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero and Neil Weissman of the Jackson Development Group celebrated the groundbreaking of St. Ann’s Terrace, a 600 unit mixed-income development in the Melrose section of the Bronx and the first in the nation to use recycled bonds.

Manhattan, NY – July 22, 2009 – (RealEstateRama) — New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael Cestero together with New York City Housing Development Corporation (HDC) President Marc Jahr, Artimus Construction Principal Robert Ezrapour and Citi National Director, North America Community Relations, Gina Doynow today announced the completion of Susan’s Court, a 125-unit mixed-income housing development in Central Harlem.

NEW YORK, NY – June 25, 2009 – (RealEstateRama) – Today the New York City Housing Development Corporation (HDC) and West Harlem Group Assistance, Inc. (WHGA), a 39-year-old Community Development Corporation celebrated the completed renovation and reopening of the Mannie L. Wilson Towers Senior Residence, located at 565 Manhattan in Avenue.

NEW YORK, NY – June 9, 2009 – (RealEstateRama) – The New York City Housing Development Corporation (HDC) approved $378 million in Multi-Family Revenue tax-exempt bonds for the permanent financing and first position of construction for developments located in Manhattan, Brooklyn, and the Bronx. Approximately $115 million will be recycled bonds. The recycled bonds were [...]

NEW YORK, NY- June 10, 2009 – (RealEstateRama) – The New York City Housing Development Corporation (HDC), the New York City Department of Housing Preservation and Development (HPD) and Bronx Pro Real Estate Management completed financing for 850 Jennings Street, an eight-story affordable rental apartment building to be constructed in the Crotona Park East section of the Bronx.

NEW YORK, NY – June 9, 2009 – (RealEstateRama) – The Board of Directors of the New York City Housing Development Corporation (HDC) approved $55.5 in tax-exempt Multi-family Housing Revenue Bonds for two affordable housing projects; one new construction in Manhattan and the other a large-scale refinancing and renovation project in Queens.

NEW YORK, NY – May 28, 2009 – (RealEstateRama) — Today, the New York City Housing Development Corporation (HDC), the New York City Department of Housing Preservation and Development (HPD) and YUCO Real Estate Company, Inc. (YUCO) celebrated the grand opening of 1405 Fifth Avenue Apartments, an 81-unit mixed-income development located in the East Harlem section of Manhattan. The creation of affordable housing in New York City is part of the City’s Five Borough Economic Opportunity Plan to create jobs for New Yorkers today and implement a vision for long-term economic growth while strengthening and stabilizing neighborhoods in all five boroughs.

New York, NY – May 7, 2009 – (RealEstateRama) — Mount Hope Housing Company, a nonprofit community development organization and provider of social services in the Mount Hope section of the Bronx, along with the NYC Department of Housing Preservation and Development (HPD), the NYC Housing Development Corporation (HDC) and Enterprise Community Partners, Inc. announced today the grand opening of the New Hope Walton Project, a 63-unit environmentally friendly, affordable housing development for low-income residents.